Last year, Danielle bought a bond for $10,000 that promises to pay $1,150 a year. This year, a person who buys a bond for $10,000 receives $1,210 a year. If Danielle were to sell her (old) bond, its price would be approximately
A) $9,504.
B) $10,522.
C) $11,211.
D) $9,115.
A
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The opportunity cost of producing one additional truck is
A. the profit that could have been earned from selling that truck. B. the amount of other goods that could not be produced because productive resources were used instead to produce that truck. C. the price of the truck. D. all of the choices are true.
The part of the disposable income that is not consumed by households is:
a. given away in the form of taxes. b. given away as charity. c. saved. d. deducted as a depreciation cost. e. spent on imports.
How is the unemployment rate calculated? Describe the three principal types of unemployment
Joe and Jim purchase vegetables at a grocery store, but Jim also grows vegetables in his back yard. Regarding these two practices, which of the following statements is correct?
a. Only Joe's grocery store purchases are included in GDP. b. Only Joe's and Jim's grocery store purchases are included in GDP. c. Joe's and Jim's grocery store purchases are included in GDP. The vegetables from Jim's backyard garden are included at their market value. d. Joe's and Jim's grocery store purchases are included in GDP. The vegetables from Jim's backyard garden are included at their market value, if Jim provides this information.